Hello traders, welcome back to another market breakdown.
Gold has been trading in a down trend. However, the price has showed signs of a double bottom and now the price and stalking around the major trend line.
Checkout the chart for the long scenario. As long as the trend line is not broken the price still always in short.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.